| NKLA latest price $19.7550 (-7.04%) ($19.7550 - $19.7550) on Fri. Jan. 15, 2021. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 7.7% (three month average) |
RSI | 78 |
Latest Price | $19.7550(-7.04%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | NKLA advances 2.1% a day on average for past five trading days. |
Weekly Trend | NKLA advances 12.5% a week on average for past two weeks. |
Market Behavior | Broad based sell-off for large cap. Broad based sell-off for small cap. |
Correlated ETFs | Broad market will support NKLA advance at 0% a week (0% probability) ACES(57%) ARKK(57%) IBUY(57%) IPO(55%) ONLN(54%) |
Factors Impacting NKLA price | NKLA will decline at least -3.85% in a week (0% probabilities). VIXM(-25%) VXX(-23%) UUP(-15%) XLU(-8%) TLT(-4%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -3.85% (StdDev 7.7%) |
Hourly BBV | -1.2 () |
Intraday Trend | 0% |
| |
|
|